Sherrill & Hutchins Financial Advisory Inc Buys 19,449 Shares of Franklin U.S. Mid Cap Multifactor Index ETF $FLQM

Sherrill & Hutchins Financial Advisory Inc boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,080 shares of the company’s stock after buying an additional 19,449 shares during the quarter. Franklin U.S. Mid Cap Multifactor Index ETF makes up about 9.1% of Sherrill & Hutchins Financial Advisory Inc’s holdings, making the stock its 4th biggest position. Sherrill & Hutchins Financial Advisory Inc owned approximately 0.74% of Franklin U.S. Mid Cap Multifactor Index ETF worth $12,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Comerica Bank purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at $51,000. NewEdge Advisors LLC raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $84,000. Keystone Financial Group acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $214,000. Finally, JPMorgan Chase & Co. grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 45,360.0% in the third quarter. JPMorgan Chase & Co. now owns 4,546 shares of the company’s stock valued at $257,000 after purchasing an additional 4,536 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

Shares of FLQM stock opened at $55.08 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $46.23 and a fifty-two week high of $58.66. The stock’s 50-day moving average is $57.16 and its two-hundred day moving average is $56.65. The firm has a market cap of $1.69 billion, a P/E ratio of 16.69 and a beta of 0.98.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.